UBS Securities lifts profit estimates of Microchip Technology
UBS Securities raised earnings estimates of semiconductor company Microchip Technology Inc. on Friday as it expects seasonal outlook on sustained demand. The brokerage reiterated its Buy rating on shares of Microchip, while increasing its price target to $33.50 from $32.50. “For Microchip’s fiscal first quarter results, on slightly raised estimates given a better than expected […]